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those eu evil banks lend me money when i could not afford to repay it. we have to draw the line somewhere. gerri: and i have a question for you. one of the findings that the sec talked about in their conference call with reporters and others was that the number of people who are harmed financially by these loans, only six and a half% of the total. this is interesting because you would think that everybody who would be eligible for money who would get money would have been harmed financially. it seems that that is not the case of all. how do you respond to that? >> if you talk to the independent consultants out there that we have been talking to, they are telling guess is that they were just getting that information now, and they were finding wide spread abuses by these banks, but now they're stopping. the one time in really history where you do independent review where they are finding gross misconduct, they stopped it in their tracks. the lenders wanted this to end. a delicate one. and just to go back to the previous point, when they're is a violation o
those eu evil banks lend me money when i could not afford to repay it. we have to draw the line somewhere. gerri: and i have a question for you. one of the findings that the sec talked about in their conference call with reporters and others was that the number of people who are harmed financially by these loans, only six and a half% of the total. this is interesting because you would think that everybody who would be eligible for money who would get money would have been harmed financially. it...
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Jan 18, 2013
01/13
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now eunice eu joins us from beijing with more of the details. eunice, there have been questions about china's reliability in data. over the past couple of years. >> there's always a big question about that. in fact, goldman sachs and ubs were some of the brokerages that came out recently questioning the latest december numbers for the export figures. they were concerned that the export numbers reported by china didn't seem to match the export data from its trading partners and the slow at some of the ports. that was raising questions. the chinese officials came out and defended the numbers and said that the numbers were all well and good. there is so much skepticism about that. the trade data was looking as though it was very much in flux. however, when you take a look at those in isolation, it raises a lot of question marks. but in terms of going forward, how you read these data points, most economists say you have to look at them as guidelines. this is a developing economy. so in terms of guidelines, the latest figures that we saw for 2012 in
now eunice eu joins us from beijing with more of the details. eunice, there have been questions about china's reliability in data. over the past couple of years. >> there's always a big question about that. in fact, goldman sachs and ubs were some of the brokerages that came out recently questioning the latest december numbers for the export figures. they were concerned that the export numbers reported by china didn't seem to match the export data from its trading partners and the slow at...
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Jan 11, 2013
01/13
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the eu muniea explains his investigation into the search engine. he's convinced google is profiting by diverting internet traffic for certain businesses. >>> american skres announced better-than-expected earnings for the fourth quarter. it saw revenues of $8.4 had billion. it will make big restructuring changes which includes 5,400 job cuts throughout the quarter. shares dipped in extended hours of trading the. >>> and the fate of superman remains firmly with warner brothers and dc comics after a decision from a california court. the court of appeals said that the rights for the man of appeals should not stay with the cocreators. the decision means that warner can release this summer's new superman reboot without fear of legal challenges. so we're watching today. who is your favorite hee roar? superman, ironman, super mario draghi? whoever you like, e-mail us, tweet us. my produces asked me who i thought my favorite super hero was. it took my a while to think about it, but then i thought hong kong fooey. there you go. many happy memories. talking a
the eu muniea explains his investigation into the search engine. he's convinced google is profiting by diverting internet traffic for certain businesses. >>> american skres announced better-than-expected earnings for the fourth quarter. it saw revenues of $8.4 had billion. it will make big restructuring changes which includes 5,400 job cuts throughout the quarter. shares dipped in extended hours of trading the. >>> and the fate of superman remains firmly with warner brothers...
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Jan 10, 2013
01/13
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even though the china dat ya yafs -- data was good, the eu posted information that was credible. we're going to hit resistance around 94.50 in that area. i'm going to sell it the first time out. >> don't you see $100 by summer? >> absolutely. by the second quarter. there's a lot of head winds in the first quarter, debt ceiling, fiscal cliff, things like that. >> you mentioned the saudi arabians and there was news about oil output. what are they aiming here? >> i believe they're aiming for $100 a barrel, too. and i do think they'll get it before the summer is out as well. we have to leave it there, guys. this is how these guys are making money. is crude's next stop $100? is it $80? you can vote in our poll. we'll reveal those results on our live show at 1:00 p.m. and you can't miss this one, marc faber and peter schiff will go no holds barred. it's guaranteed to be an instant classic. the fun starts today at 1 p.m. >> when "halftime" comes back, member of congre nokia ripping. and a major apple bull retreats just a bit. we speak to the analyst to just cut his price target again. t
even though the china dat ya yafs -- data was good, the eu posted information that was credible. we're going to hit resistance around 94.50 in that area. i'm going to sell it the first time out. >> don't you see $100 by summer? >> absolutely. by the second quarter. there's a lot of head winds in the first quarter, debt ceiling, fiscal cliff, things like that. >> you mentioned the saudi arabians and there was news about oil output. what are they aiming here? >> i believe...
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Jan 8, 2013
01/13
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slower growth in the economy, the eu debt crisis and superstorm sandy are expected to top issues. take a look at shares this morning. before the report, they're down .75% in frankfurt. so trailing the 34k9. they have been roughly flat over the last few months. james is a huge fan of werings season. you're so excited about this one, i know. >> i live for the wering hes season. you could spend almost your entire time -- >> there's only about three months of the year when you're not engaged in looking at earnings. >> ask you're probably on holiday. >> and are we too focused on werings season? >> samsung, earnings results up, share price down. if you think earnings is relative for share price performance, it isn't. we're talking about the reporting season rather than the underlying earnings. >> they have quite a lot of leeway. they've given guidance to the analysts about what those earnings might look like in the near term. all the analysts are pawing at the results. all in all, a huge amount of activity and brain power wasted on something which in the near term has been well flagged,
slower growth in the economy, the eu debt crisis and superstorm sandy are expected to top issues. take a look at shares this morning. before the report, they're down .75% in frankfurt. so trailing the 34k9. they have been roughly flat over the last few months. james is a huge fan of werings season. you're so excited about this one, i know. >> i live for the wering hes season. you could spend almost your entire time -- >> there's only about three months of the year when you're not...
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Jan 21, 2013
01/13
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we're not hearing a lot about people joining the eu lately. if anything, it's the uk might exit. >> yeah. this long delayed speech by david cameron, the british prime minister, which is supposed to come up with some sort of call for some sort of referendum, i serpt won't we 2016, 2017 or 2018. i think there is a bigger risk of a brixet. but either there won't be a referendum because david cameron won't win the next election or there will be a referendum ask is we still won't leave the eu. but i think very damaging for investments and confidence that you have this thing that could be hanging over us for five years. >> exactly. this is not an issue that's going to be resolved in the near term. but, you know, iceland wants in, so it can't be all bad. as israelis heads to the polls tomorrow, most are expecting a victory for benjamin netanyahu. but while a third netten what hue terms remains a large possibility, david joins us with more. so thank you. the timing of this national re-election, which of these is most important to your point of view? >
we're not hearing a lot about people joining the eu lately. if anything, it's the uk might exit. >> yeah. this long delayed speech by david cameron, the british prime minister, which is supposed to come up with some sort of call for some sort of referendum, i serpt won't we 2016, 2017 or 2018. i think there is a bigger risk of a brixet. but either there won't be a referendum because david cameron won't win the next election or there will be a referendum ask is we still won't leave the eu....
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Jan 24, 2013
01/13
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so doing something about that by saying, let's get clear the shape of the eu we do want. what is the shape of that? that has to be about the single market, about a more competitive europe. and that is something that i think they can take back and say that's a good thing for britain. and so i think you have to move towards it because the uncertainty is there today and those businesses will reflect that, anyway. i don't think illustrate necessarily changes. >> have you seen any changes in terms of the economic landscape? >> yeah. i think what we're seeing is probably a softening in some of the major french and consumer markets. >> and germany is more positive than the french market, but it's slowed down a bit. by contrast, we've seen good gdp numbers. in fact, i think we've seen a six-month softening in the eurozone which i think is an important factor there that the british politicians need to reflect. the french market is very much the uncertainty around tax success government. i think that will wash through. >> if we now believe in that, that impacted that small percenta
so doing something about that by saying, let's get clear the shape of the eu we do want. what is the shape of that? that has to be about the single market, about a more competitive europe. and that is something that i think they can take back and say that's a good thing for britain. and so i think you have to move towards it because the uncertainty is there today and those businesses will reflect that, anyway. i don't think illustrate necessarily changes. >> have you seen any changes in...
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Jan 25, 2013
01/13
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what would be the implications if the eu has left? >> i think we are still quite far from that happening. of course, this announcement of a referendum years from now is creating uncertainty and is not necessarily helpful in terms of stabilizing the economy, neither in the uk or in the european union. >> do you think changes need to be made in terms of policies to encourage the uk to stay? >> in fact, many of the elements or the policy agenda of david cameron are something which are very important and the commission is working for the confidence of european industry, a rather comprehensive free trade agenda as well as the competition of the single market. this beneath for restoration of the european industry and of returning to sustainable growth and better employment. but there is no need to leave the european union for the policy -- >> this morning, as you well know, the foreign affairs and trade, as well, there's quite a lot of support around europe for david cameron's thought process of what he wants to achieve in the single market
what would be the implications if the eu has left? >> i think we are still quite far from that happening. of course, this announcement of a referendum years from now is creating uncertainty and is not necessarily helpful in terms of stabilizing the economy, neither in the uk or in the european union. >> do you think changes need to be made in terms of policies to encourage the uk to stay? >> in fact, many of the elements or the policy agenda of david cameron are something...
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Jan 22, 2013
01/13
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an eu court ruled in favor of using the buzz trademark settling a century old feud with tech company. that is the latest from the fox business network giving you the power to prosper. cheryl: it is time for your "west coast minute." a gun buyback program is being called a success. gift cards were handed out in exchange for 386 weapons pointed at the event. officials say in the wake of recent shootings, they will be holding many more similar programs in the near future. a feud among dairy producer in california could be great news for wisconsin cheese makers. they have benefited for years because they paid lower milk prices. but if the playing field is leveled, the difference could be worth 200 million in sales. shifting to wisconsin cheese. it makes good fondue. although it has been confirmed the sacramento kings have been sold retail investor, seattle fans may want to hold off on celebrating. the nba still has to confirm the deal and at that point sacramento mayor, former nba star himself, could submit a counter offer. there are also losses in seattle about a new arena. we will keep
an eu court ruled in favor of using the buzz trademark settling a century old feud with tech company. that is the latest from the fox business network giving you the power to prosper. cheryl: it is time for your "west coast minute." a gun buyback program is being called a success. gift cards were handed out in exchange for 386 weapons pointed at the event. officials say in the wake of recent shootings, they will be holding many more similar programs in the near future. a feud among...
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Jan 9, 2013
01/13
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start with number 10, that eu structural problems we main unresolved. when i first heard that, i don't think they will be unresolved. you're right, the market has bid things it's looking like the world is better. >> last year, all the european markets were up and europe was in a semi-recession and all the european markets were up semi-20% and i have them down this year in reaction. >> what about the euro? >> euro is relative to the dollar. ecb expanding the money supply and fedex spanding money supply. it's a race to the bottom. i don't know who will win it but i don't think there will be much change to the euro. >> i don't think euro ever resolves this issue, does enough to put them off when under pressure. >> sounds familiar. >> that's the environment we're in. i do think the markets are signaling core europe and stock growing again this year, growing uf to keep the eurozone out of its recession. if that doesn't happen, markets will go down. >> the surprise component of that is the 10% decline in the various european indexes. that's what people aren't
start with number 10, that eu structural problems we main unresolved. when i first heard that, i don't think they will be unresolved. you're right, the market has bid things it's looking like the world is better. >> last year, all the european markets were up and europe was in a semi-recession and all the european markets were up semi-20% and i have them down this year in reaction. >> what about the euro? >> euro is relative to the dollar. ecb expanding the money supply and...
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unemployment rate hitting an all-time high in november with more than 26 million people out of work across the eu. spain recording the highest unemployment rate. 26.6% followed by grief at 26%. the u.s. peaked at about 25% during the great depression. if you can find it cheaper, target is planning to match that price. the move follows a disappointing holiday shopping season. ♪ dagen: rock legend releasing a whole new single today. his first music in about ten years. it is also his 66th birthday. there is a new album due out in march. foley has not played in public in years rejecting many offers to appear including an offer to headline the opening ceremonies at the london olympics. god help us all. it would also be mr. presley's birthday if he was alive. connell: let's go to nicole petallides. nicole: we are taking a look at yum brands. taco bell gets a lot of their revenue from china. you are seeing yum brands down 4.5% here. not good news at 64.83. how about we take a look at the broader market averages. we had five-year highs last week. today we are continuing to pull back a little bit. back
unemployment rate hitting an all-time high in november with more than 26 million people out of work across the eu. spain recording the highest unemployment rate. 26.6% followed by grief at 26%. the u.s. peaked at about 25% during the great depression. if you can find it cheaper, target is planning to match that price. the move follows a disappointing holiday shopping season. ♪ dagen: rock legend releasing a whole new single today. his first music in about ten years. it is also his 66th...
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Jan 22, 2013
01/13
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they then find a solution presented to brussels and basically present the rest of the eurozone or the eu with a -- do you think this criticism is justified? >> certainly this is a point of criticism that's made outside of germany and france but that's made inside germany and france. some politicians frmt call for widening of the partnerships such as poll left-hand looking towards the east or spain or italy. even more so in the french population. there's a call of widening this partnership. as i've said, france and germany often do have contradictory policy positions. so other countries can really find themselves within these positions, i think. so at the end of the day, it's not so much i think a question of content, but rather a question of style. so what germany and france need to make sure is that they do show leadership, as i've said, to their political and economic weight, but they do find the balance between leadership and dominance because surely dominance is not what either of the two countries or any country in europe would want. >> lead but don't -- >> back to you. >> thank you
they then find a solution presented to brussels and basically present the rest of the eurozone or the eu with a -- do you think this criticism is justified? >> certainly this is a point of criticism that's made outside of germany and france but that's made inside germany and france. some politicians frmt call for widening of the partnerships such as poll left-hand looking towards the east or spain or italy. even more so in the french population. there's a call of widening this...
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Jan 10, 2013
01/13
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delivers the message to britain saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we can have where we can cherry pick the bits we like, get rid of the bits we don't, because the chances of that happening are probably close to zero. so we don't want to see any risk in our membership. we want more reform by absolutely we do. we made that very clear in the letter. but we don't want to risk or membership because our membership is responsible for millions of jobs and underpins our future prosperity. >> so that debate is going to em. at the same time, david, you think the pound is going to come under pressure. it's a triple cocktail that's going to undermine it. what is that? >> yeah. that's the idea we had, we were talking last year
delivers the message to britain saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we can have where we can cherry pick the...
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Jan 14, 2013
01/13
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now this morning saying eu commission, the european union body is basically saying no-go with the deal. it was sproefd to close towards the end of the last year. obviously, hasn't happened. today you can see the shares down 40%. this company is going to need a new ceo, a new strategic vision. and its biggest shareholder down about .3% on the news. fedex declined to comment this morning. now let's turn our attention briefly to this. it gives us a sense of this mentality of the crisis being over, that it's kind of gripped investors to keep hearing the bullish comments we have on people in the program. spain's ten-year still below 5% even though we're seeing prices down this morning and the yield for the ten-year in italy down 4.2. quick look at the euro/dollar which is benefiting here and has been doing pretty well of late. 1.3359. adding another .1%. just for joe, i'm going to skip talking about the yen today and that's in part because the nikkei is closed. back to you guys. >> i thought you were going to reference your -- is that a golden -- were you at the gold b globes? that looks li
now this morning saying eu commission, the european union body is basically saying no-go with the deal. it was sproefd to close towards the end of the last year. obviously, hasn't happened. today you can see the shares down 40%. this company is going to need a new ceo, a new strategic vision. and its biggest shareholder down about .3% on the news. fedex declined to comment this morning. now let's turn our attention briefly to this. it gives us a sense of this mentality of the crisis being over,...
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Jan 18, 2013
01/13
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david cameron puts off his big eu policy pictures first. the fed putting out a statement saying there are less than 30 british nationals overnight in those events. in the meantime, a moratorium indicating that the terrorist groups are going to use these kidnappings as a way of furthering their activity and raising funds. they're warning algerians, in fact, to stay away from some of these sights and is we've had guests this morning telling us that they think the market is underappreciating that this is a game changer in activity not just in mali, but across west africa in general. lastly, the aussie/dollar is down, too. there is some risk coming out in this risk off despite stocks doing better. the dollar/yen had punched through 90. it's now below 89. that was above 1 is.25. it's moving back to some of its gains. so some major levels hit in forex today, guys. it's not just about 1500 on the s&p. although to be sure, people around the world will be watching that level, as well. back over to you. >> kelly, are you behind the jap foes because t
david cameron puts off his big eu policy pictures first. the fed putting out a statement saying there are less than 30 british nationals overnight in those events. in the meantime, a moratorium indicating that the terrorist groups are going to use these kidnappings as a way of furthering their activity and raising funds. they're warning algerians, in fact, to stay away from some of these sights and is we've had guests this morning telling us that they think the market is underappreciating that...
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Jan 23, 2013
01/13
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news in europe, david cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this morning on better than expected earnings. >> coach getting pummeled this morning, blaming its big earnings miss on weakness in north america during the holidays. it says it is transforming itself into a lifestyle brand. >> apple's results tonight after the bell. could this be the quarter that marks the bottom on the stock. will tim cook talk about the next omg product in the pipeline. >>> we'll start with mcdonald's. it earned 1.38 nds the fourth quarter, it exceeded estimates. ceo don thompson said for the near term, mcdonald's expects top and bottom line growth to remain under pressure with january global comp sales expected to be negative. jim, it's come a long way since
news in europe, david cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this morning on better than expected earnings. >> coach getting pummeled this morning,...